EDGEWOOD, N.Y., Feb. 12, 2018 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE American:CVU) announced today that James “Jay” Mulhall has joined the company in the role of Senior Director, Business Development and Strategy, Defense Markets. Mr. Mulhall recently retired after a 33-year career at Northrop Grumman. His last position was Senior Director of Business Development with the Military Aircraft Systems (MAS) Division, a unit of Northrop Grumman Aerospace Systems. In this role, he was responsible for coordination of all customer engagement and business development activities for all program and captures within a MAS portfolio that included E-2D Advanced Hawkeye (US Navy and International), E-8C Joint STARS (legacy and recapitalization), Directed Energy Programs (laser programs), F-18 and F-35 (subcontracts with Boeing and Lockheed Martin).
Douglas J. McCrosson, President and CEO of CPI Aero, remarked: “We are excited to have Jay join CPI Aero where he will be a key member of my direct-reporting staff. We anticipate that increased spending by the United States and other countries will create new avenues of growth for CPI Aero, particularly in the area of electronic warfare (EW), intelligence, surveillance and reconnaissance (ISR), and autonomous systems. Jay’s experience at one of the world’s most successful global defense companies will be invaluable as we seek to accelerate our pursuit of these emerging opportunities.”
About CPI Aero
CPI Aero is a U.S. manufacturer of structural assemblies for fixed wing aircraft, helicopters and airborne Intelligence Surveillance and Reconnaissance pod systems in both the commercial aerospace and national security markets. Within the global aerostructure supply chain, CPI Aero is either a Tier 1 supplier to aircraft OEMs or a Tier 2 subcontractor to major Tier 1 manufacturers. CPI also is a prime contractor to the U.S. Department of Defense, primarily the Air Force. In conjunction with its assembly operations, CPI Aero provides engineering, program management, supply chain management, and MRO services. CPI Aero is included in the Russell Microcap® Index.
The above statements include forward looking statements that involve risks and uncertainties, which are described from time to time in CPI Aero's SEC reports, including CPI Aero's Form 10-K for the year ended December 31, 2016, and Form 10-Q for the three-month periods ended March 31, 2017, June 30, 2017, and September 30, 2017.
Chief Financial Officer
Source:CPI Aerostructures, Inc.